South Korean retailers are finalising preparations for a shift to chip cards only, once a three-year implementation period finally comes to an end in July.
On February 8, 2018 the Central Bank of Russia (CBR) launched a consultation on the draft Financial Inclusion Strategy for 2018-2020....
The Court of Justice of the European Union issued two separate but related rulings last week involving American Express. PaymentsCompliance examines why Amex lost its battle to be exempt from...
Legal experts have warned that there is a "lack of clarity" around incoming EU restrictions on geoblocking by online retailers, after the European Parliament adopted its final position on the...
American Express has lost its battle with the EU’s top court over whether certain three-party arrangements should be subject to caps on interchange fees, in one of two related rulings handed down...
Plans unveiled by the UK’s cash machine network operator to increase ATM subsidies in areas with poor access to cash have been described as "smoke and mirrors" by industry representatives.
The Bank of Israel has cut interchange fees for certain cards ahead of the divestment of two card businesses currently owned by the country’s largest banks, fuelling anticipation of a foreign...
The Consumer Finance Protection Bureau's decision to delay, by one year, the implementation of new rules for prepaid cards was met with uncertainty by industry executives and attorneys concerned...
UK regulators have welcomed a decision from the country’s cash machine network operator designed to prevent the mass closure of free-to-use ATMs.
On January 29, 2018 the Payment Systems Regulator (PSR) published a notice of requirements to provide information under Section 81(1)(b) of the Financial Services (Banking Reform) Act 2013 (FSBRA),...
The U.S.’ fearsome consumer protection regulator has long divided opinion over its unapologetically tough approach to the payments industry, but the appointment of Mick Mulvaney as director —...
The UK’s cash machine network operator has relented to regulatory pressure and embarked on the process of finding a competitor to VocaLink.
On January 25, 2018, the Consumer Financial Protection Bureau (CFPB) released the final version of its prepaid account rule, which was originally drafted in 2016, making changes based on feedback...
British parliamentarians are insisting that regulators take "immediate action" against ATM network operator LINK to stop the potential closure of thousands of free-to-use machines,...
UK regulators are insisting that the country’s cash machine system operator must honour its agreement to open the provision of ATM infrastructure to wider competition, despite a funding dispute...
Visa has denied suggestions it will block scheme access to any financial firm involved in cryptocurrencies, after its decision to deny access to a Gibraltar-based card issuer.

Pages